Binance Coin - Not Far From The Falling

[Lexurdania]

The market made a good upward movement and reached ATH . We have a resistance zone between 24.00 and 25.00 levels and the 1st attempt to pass this zone. More likely that the price will bounce and correct the previous movement. It will be logical if we can use this word and this market together. For confirmation of the price reversal we need to wait for the close price of the daily candle. If it is below 24.00 level and the bearish candle is strong, we will get the 1st signal confirming the bouncing from the resistance.

RSI is going to confirm the price reversal in the overbought zone. MACD histogram and in some timelines will be able to support a possible downward movement. The market looks overbought and the downward movement in the medium term will be a logical movement in the bullish structure.

It seems you have knowledge of technical analysis. But you should also consider the BNB coin fundamentals because Binance fully backs up BNB Coin and Binance is an exchangers with considerable profits and with large transactions

[1714749986]

1714749986

[LbtalkL]

Based on binance recent develepment I don't see this coin falling. Recently they launch their own blockchain pretty much like ethereum but I dont see smart contract yet and the launchpad adding some demands on the coin I think this coin will reach $100 in no time.

[fosco333]

Really not far ? I think Binance coin not even close from falling.
The coin price still increasing since it got hacked. They burn the coin sometimes, makes the price increase more.
More demands and low supply, that will be the best thing for value of the coin.

[silversurfer1958]

Yes and until now. Binance coin has increased to $ 40 and it will continue to increase in the future. BNB will not collapse and I am confident that BNB will surpass ETH in the future if CZ does his job well.

[btc_angela]

Yes and until now. Binance coin has increased to $ 40 and it will continue to increase in the future. BNB will not collapse and I am confident that BNB will surpass ETH in the future if CZ does his job well.

Of course, CZ won't allow it to collapse, although it has it's down, the coin seems to be going strong and now that bitcoin has made a run again, for sure majority of the alts including Binance coin will also go up. Just like you said, it goes to $40, who would have thought it will go as high as that today? But as far as surpassing ETH, it will take years though, ETH has established itself. Unless major projects shifts to Binance net, ETH will still go and far in the next coming years.

[Bezobraznike]

Yes and until now. Binance coin has increased to $ 40 and it will continue to increase in the future. BNB will not collapse and I am confident that BNB will surpass ETH in the future if CZ does his job well.

   Price of BNB is making new ATH every couple days, so much about falling. Some people are funny with their predictions, and time shows everything, who is
right and who is wrong.
   There is thread here on forum, about BNB overtaking ETH. With this speed, if they continue to grow so fast, that will be very possible in next year.

[dearbesz1219]

Binance coin is a promising coin with good future for sure, but buying it at the ATH price is not the best investment idea, I think. 

[jcumins]

I very much like this project for investments. BNB is very interesting coin. Its main plus is an opportunity to receive the ticket for participation in IEO at the Binance exchange. All IEO projects on this the exchanges made big profit for the investors.

[bitcon]

Binance coin is not going to fall or crash. BNB is being ready for a new bull run. The cryptocurrency managed to add over 20% in the third Q of June, and this is the best sign of the future crypto run than can start in autumn.

[Abiky]

Will we see Binance coin bubble? I guess we will see it occur, after hitting its new all all time high. There is no exponential rise that is not followed by dramatic decrease. Lessons from 2017, on Bitcoin, on altcoins, on tokens, told us everything. It is just our perspective, accepting the fact, or deny it. It is hard to predict how long Binance coin will go before it officially corrected; but when everyone say Binance around the globe, it is time to sell Binance coin, and find other coins to invest.

Exactly. Most cryptocurrencies on the market behave the same way. Whenever there's hype or FOMO, prices tend to rise towards exponential levels. When the excitement for that specific crypto ends, prices start to decline massively across the market. The same thing could happen for BNB, although it does have some utility to it, in contrast to other cryptocurrencies which are purely speculative.

Despite this, Binance Coin's success is largely determined by its underlying company (named Binance). In the event that Binance exchange fails, so will BNB leaving many investors "holding the bag" (bagholder). Still, this seems very unlikely to happen right now, as Binance continues to expand as a prominent cryptocurrency exchange. The new DEX, the BEP2 token standard, Binance Chain, and more, will truly change the crypto industry for the better.

Nonetheless, it seems that Binance Coin will become a great investment for early adopters as it continues to rise in price towards unprecedented levels. But be aware, that crypto is highly volatile, which could result in massive losses if you invest more than what you can't afford to lose. Just my opinion

[Japinat]

Binance coin is not going to fall or crash. BNB is being ready for a new bull run. The cryptocurrency managed to add over 20% in the third Q of June, and this is the best sign of the future crypto run than can start in autumn.

Unless Binance exchange will fall.
For now, Binance is still dominating, its the number exchange by rank IMO, and they are operating profitably.

They made a statement this year and I guess it's not over yet.
BNB is set to have a new record soon going to $40, that's only for short term.

[DGulari]

Yes and until now. Binance coin has increased to $ 40 and it will continue to increase in the future. BNB will not collapse and I am confident that BNB will surpass ETH in the future if CZ does his job well.

When did BNB reached $40? As ATH it's still at $38 on 1-2 days ago. I still wait for BNB could back to 0.00425 btc as now it's still down based on BTC price

[JeBro]

Given the prohibition by US authorities of the rights of American citizens to trade in Binance, an outflow of US citizens' capital from the BNB may occur, leading to a fall in the price of Binance Coin. Of course, such a development is unlikely, but this cannot be ruled out.

[Nalbo]

There are two good news that are going to directly support the price of BNB.
Elrond to be the next IEO on it's launchpad. And holding of fixed amount of BNB necessary for margin trading in Binance.

[xysheeh03]

Binance showing a good outcome price on the market, it is gradually increasing yet just less to decrease. I think BNB coin has a good future, many investora would benefit and earn profit for bnb investment. In the end of this year i think its price would be upto 60$.

[localcrypto]

The reason for Binance coin wont fall because binance coin is strong in their developments they are doing all the developments as per their timeline so we can expect binance to toiuch 100 dollars soon in this bull market

[adrianto1995]

There are some correction happens today on BNB, dont worry it will recover again. Coin burn will happen at 15 july 2019 soon. Keep hodl, I'm sure the price of BNB can easily reach >$40 after the Coin Burn complete...

[Distinctin]

There are some correction happens today on BNB, dont worry it will recover again. Coin burn will happen at 15 july 2019 soon. Keep hodl, I'm sure the price of BNB can easily reach >$40 after the Coin Burn complete...

It's just a small correction if what you meant is the current price which is down, 1.44%, I'm sure it will not go lower further as bitcoin is still rising now.
As of now, bitcoin is at $11300 already and I don't think good altcoins such us BNB will have a different path to go.
$40 is easy this year as even there's no significant news, BNB is still rising in the last few months.

[AgentZero23]

I don't think BNB will fall and instead it will have another surge of price as another IEO will be in Binance launchedpad. I don't usually trust the charts however, I used it only as my guide but not depend on it. BNB is now used as payments in some stores and it will have more used case than any other cryptocurrencies.

[WannaCry]

i think price is not likely to fall down very fast, as we may know those launchpad help a lot to increase the price of bnb..